NATO and some Persian Gulf countries are preparing military intervention in Syria, the head of Russia’s security council said.
> Subject: Economics: Retail, ECB Rates, Jobless Claims, Debt Auctions
>
> This newsletter and its contents may not be forwarded or redistributed without the prior consent of Bloomberg.
>
> Please find your Economics newsletter attached.
>
> WHAT TO WATCH: The Bank of England held its key rate steady and refrained from adding to emergency stimulus. Retail sales in the U.S. probably rose 0.3 percent in December on holiday discounts, according to forecasts, 8:30 a.m. The ECB will probably hold its key rate steady at 1 percent, economists predict ahead of an announcement, 7:45 a.m.; Draghi press conference, 8:30 a.m. Global food prices fell 2.4 percent in December, the United Nations said. The Fed may embark on up to $500 million of easing in the second half of 2012, said Pimco’s Bill Gross. U.S. Treasury Secretary Timothy F. Geithner won backing from Japan to tighten economic sanctions on Iran. Signs that Chinese lenders will postpone losses on loans to local governments may undermine confidence in the banking sector, Standard & Poor’s said. Nigeria’s oil unions vowed to paralyze output.
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> ECONOMICS: Weekly jobless claims, 8:30 a.m. U.K. NIESR GDP estimate, 10 a.m. South Korean seven-day repo rate, 8 p.m. Chinese inflation slowed to 4.1 percent. Spain, Italy and Hungary met or exceeded target debt sales with lower yields than in previous auctions.
>
> GOVERNMENT: NATO and some Persian Gulf countries are preparing military intervention in Syria, the head of Russia’s security council said. Greece’s biggest private sector union group called a strike for Jan. 17.
>
> MARKETS: Oil rebounded from a two-week low. European stocks advanced.
>
> Also in today's issue:
>
> Joseph Brusuelas says the Fed is looking past improving economic data and focusing on fiscal restraint.
>
> Niraj Shah takes a look at risk-sentiment indicators in Europe that suggest the crisis is far from over.
>
> James Bianco talks to Tom Keene about high correlations across asset classes and why 2011 was such a tough year for hedge fund managers.
>
>
> Contact us at Econbrief@bloomberg.net for subscription, advertising, and reprint requests.
>
> This newsletter and its contents may not be forwarded or redistributed without the prior consent of Bloomberg.
>
> Please find your Economics newsletter attached.
>
> WHAT TO WATCH: The Bank of England held its key rate steady and refrained from adding to emergency stimulus. Retail sales in the U.S. probably rose 0.3 percent in December on holiday discounts, according to forecasts, 8:30 a.m. The ECB will probably hold its key rate steady at 1 percent, economists predict ahead of an announcement, 7:45 a.m.; Draghi press conference, 8:30 a.m. Global food prices fell 2.4 percent in December, the United Nations said. The Fed may embark on up to $500 million of easing in the second half of 2012, said Pimco’s Bill Gross. U.S. Treasury Secretary Timothy F. Geithner won backing from Japan to tighten economic sanctions on Iran. Signs that Chinese lenders will postpone losses on loans to local governments may undermine confidence in the banking sector, Standard & Poor’s said. Nigeria’s oil unions vowed to paralyze output.
>
> ECONOMICS: Weekly jobless claims, 8:30 a.m. U.K. NIESR GDP estimate, 10 a.m. South Korean seven-day repo rate, 8 p.m. Chinese inflation slowed to 4.1 percent. Spain, Italy and Hungary met or exceeded target debt sales with lower yields than in previous auctions.
>
> GOVERNMENT: NATO and some Persian Gulf countries are preparing military intervention in Syria, the head of Russia’s security council said. Greece’s biggest private sector union group called a strike for Jan. 17.
>
> MARKETS: Oil rebounded from a two-week low. European stocks advanced.
>
> Also in today's issue:
>
> Joseph Brusuelas says the Fed is looking past improving economic data and focusing on fiscal restraint.
>
> Niraj Shah takes a look at risk-sentiment indicators in Europe that suggest the crisis is far from over.
>
> James Bianco talks to Tom Keene about high correlations across asset classes and why 2011 was such a tough year for hedge fund managers.
>
>
> Contact us at Econbrief@bloomberg.net for subscription, advertising, and reprint requests.
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